LOLC Insurance’s Bancassurance agreement with ComBank
View(s):LOLC Insurance recently entered into a strategic Bancassurance Partnership with Commercial Bank PLC to strengthen its Bancassurance portfolio and to offer its array of insurance products to a wider customer base. As a result of this strategic tie-up, Commercial Bank clientele will have the opportunity to experience the products and services offered by both LOLC General Insurance Ltd and LOLC Life Assurance Ltd, according to an LOLC media release.
The MoU between the two organisations were signed at the head office premises of Commercial Bank in Colombo in the presence of Kapila Jayawardena, Group Managing Director/CEO of LOLC Group, Ms. Kalsha Amarasinghe, Executive Director, LOLC Group and Jegan Durairatnam, CEO of Commercial Bank.
“This collaboration is another significant step in strengthening our Bancassurance partnerships with key banks in Sri Lanka”, said Mr. Jayawardena, Group Managing Director/CEO of LOLC Group and Chairman of LOLC General Insurance Ltd. “With the launch of this partnership, LOLC General Insurance Ltd and LOLC Life Assurance Ltd. will be able to leverage on the strong branch network and brand presence of Commercial Bank”.
Mr. Durairatnam, Managing Director of Commercial Bank, said: “Commercial Bank is always committed to explore the possibilities of creating convenience to our customers”.